Stock futures pointed to a lower opening for Canada's main stock index on Thursday on renewed worries over turmoil in Ukraine and ahead of the release of U.S. GDP data.
The S&P/TSX composite index was down 16.56 points to close Wednesday at 15,602.65.
The Canadian dollar gained 0.17 cents to 92.21 cents U.S. early Thursday.
Toronto-Dominion Bank reported a higher quarterly profit, boosted by strong gains at its core Canadian retail business and the impact of buoyant capital markets on its investment banking and trading arm.
Canadian Imperial Bank of Commerce reported a higher third-quarter profit, helped by strong gains at its wealth management and investment dealer divisions.
TD Securities raised the price target on Canacol Energy to $12 from $11.50
ON BAYSTREET
The TSX Venture Exchange gained 3.98 points Wednesday to 1,019.34.
ON WALLSTREET
U.S. stock futures were lower and European markets were soft, indicating investors may want to take a breather after the latest rally.
Ahead of the opening bell, futures for the Dow Jones Industrials fell back 51 points, or 0.3%, to 17,042. Futures for the S&P 500 dipped 6.75 points, or 0.3%, to 1,990.25, and futures for the NASDAQ ducked 12 points, or 0.3%, to 4,060.75.
Dollar General and Abercrombie and Fitch will report quarterly results before the opening bell.
Australian airline Qantas reported an annual loss of $2.6 billion U.S., but CEO Alan Joyce reassured investors that he expected the company to rebound strongly and post a profit in the first half of fiscal 2015. Qantas shares surged 7%.
Shares in Guess were off by as much as 8% in extended trading after the company said quarterly profits were just half of what they were a year ago.
Shares in both Visa and Mastercard were relatively weak ahead of the opening bell. This comes on the same day that an annual report on credit card satisfaction showed American Express and Discover were the favorite cards in the U.S.
The U.S. government was to report a revised estimate of second quarter GDP at 8:30 a.m. ET. The first estimate showed the U.S. economy grew at a 4% annual pace, bouncing back after a harsh winter. Data on weekly jobless claims would also be released at the same time.
Oil prices inched up 12 cents to $94.00 U.S. a barrel
Gold prices surged $12.10 to $1,295.20 U.S. an ounce.
